Turkey has raised the withholding tax on short-term Turkish lira deposits and investment funds by 2.5 percentage points, a move economists said was aimed at boosting budget revenues and curbing dollarisation.
For deposit accounts with a maturity of up to six months, the rate was increased to 17.5 per cent from 15 per cent, a decree published in the Official Gazette on Wednesday showed, while for those with a maturity
